Provide low/moderate housing for the elderly or handicapped.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $34K a year · 8% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
304% of total assets
Concern: liabilities are 304% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$427K
+8% vs prior year
Spent
$388K
To programs
74%
Net assets
−$866K
By yearFY2020–FY2023
Revenue
$427K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$420K
FY2021$419K
FY2022$397K
FY2023$427K
Expenses
$388K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$391K
FY2021$378K
FY2022$370K
FY2023$388K
Net assets
−$866K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$972K
FY2021−$931K
FY2022−$905K
FY2023−$866K

From the FY2023 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $288K Management & general 26% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Gran Signora Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for seniors and people with disabilities.

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Provided by the organization

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1 program · $288K · in their own filed words · FY2023
01

To provide housing for the elderly of handicapped who have low to moderate income.

$288Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$427K
Ln 12
Gifts and grantsLn 1h$213K
Fees for servicesLn 2g$208K
Other incomeLn 4–11$5K
Money outPt IX
$388K
Ln 25
Programscol B$288K
Managementcol C$100K
Owns and owesPt X
−$866K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$424K
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Government grantsLn 1e$213K
Fees for servicesLn 2g$208K
Investment incomeLn 3$173
Other incomeLn 4–11$5K
Total revenueLn 12$427K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$193K
Other assetsLn 15$191K
Total assetsLn 16$424K
LiabilitiesLn 26$1.3M
Net assetsLn 32−$866K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$757$2K
Land, buildings, equipmentLn 10c$177K$193K
Total assetsLn 16$381K$424K
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32−$905K−$866K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$61K$21K$40K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$28K$28K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$70$70
Office expensesLn 13$21K$21K
OccupancyLn 16$69K$69K
InterestLn 20$61K$61K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$102K$102K
All other expensesLn 24e$7K$3K$4K
Total functional expensesLn 25$388K$288K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $427K$388K$39K−$866K 990 PDF
FY2022 $397K$370K$26K−$905K 990 PDF
FY2021 $419K$378K$41K−$931K 990 PDF
FY2020 $420K$391K$29K−$972K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $426,936 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,249$212,826
I-9 Program service revenuePrior year $185,968$208,469
I-10 Investment incomePrior year $172$173
I-11 Other revenuePrior year $6,299$5,468
I-12 Total revenuePrior year $396,688$426,936
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $65,051$64,549
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $305,178$323,079
I-18 Total expensesPrior year $370,229$387,628
I-19 Revenue less expensesPrior year $26,459$39,308
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $426,936 across 6 lines filed
VIII-1e Government grants$212,826
VIII-1h Total contributions, gifts and grants$212,826
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $208,469$208,469
VIII-3 Investment incomeRelated to mission $173$173
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,468$5,468
VIII-12 Total revenueRelated to mission $214,110$426,936
Part IX · Statement of functional expenses $387,628 across 12 lines filed
IX-7 Other salaries and wagesPrograms $21,411 · Management $39,800$61,211
IX-10 Payroll taxesPrograms $3,338$3,338
IX-11a Management feesManagement $28,311$28,311
IX-11c Accounting feesManagement $7,200$7,200
IX-12 Advertising and promotionManagement $70$70
IX-13 Office expensesManagement $20,897$20,897
IX-16 OccupancyPrograms $68,708$68,708
IX-20 InterestPrograms $60,566$60,566
IX-22 Depreciation, depletion and amortizationPrograms $9,172$9,172
IX-23 InsurancePrograms $19,389$19,389
IX-24 Other expenses (24a–d)Programs $102,164$102,164
IX-24e All other expensesPrograms $2,810 · Management $3,792$6,602
IX-25 Total functional expensesPrograms $287,558 · Management $100,070 · Fundraising $0$387,628
Part X · Balance sheet $424,152 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $757$2,424
X-4 Accounts receivable$24,781
X-9 Prepaid expenses and deferred chargesStart of year $16,189$12,765
X-10c Land, buildings and equipment, netStart of year $177,296$192,905
X-15 Other assetsStart of year $186,396$191,277
X-16 Total assetsStart of year $380,638$424,152
X-17 Accounts payable and accrued expensesStart of year $70,146$108,310
X-25 Other liabilitiesStart of year $15,563$18,676
X-26 Total liabilitiesStart of year $1,285,496$1,289,702
X-27 Net assets without donor restrictionsStart of year −$904,858−$865,550
X-32 Total net assets or fund balancesStart of year −$904,858−$865,550
X-33 Total liabilities and net assetsStart of year $380,638$424,152
Part XI · Reconciliation of net assets −$865,550 net assets at year end
XI-1 Total revenue$426,936
XI-2 Total expenses$387,628
XI-3 Revenue less expenses$39,308
XI-4 Net assets at start of year−$904,858
XI-10 Net assets at end of year−$865,550

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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